Introduction
API published the third edition of Recommended Practice (RP) 754, Process Safety Performance Indicators for the Refining and Petrochemical Industries in 2021. RP 754 details process safety indicators for driving performance improvement in the refining and petrochemical industry and provides a framework for measuring process safety performance, guides the methods for development and use of the indicators, and classifies the indicators into four tiers (Tiers 1 and 2 for public reporting and Tiers 3 and 4 for internal use at individual facilities).
IOGP published the third revision of the Report 456, Process safety – Recommended practice on Key Performance Indicators. Report 456 supports API RP 754’s applicability for upstream activities and recommends this standard to oil and gas companies worldwide. IOGP Report 456 enables companies to establish effective leading and lagging indicators that assess the health of barriers that manage the risk of process safety events (PSEs), particularly those that could result in a major incident. It was also based on guidelines on indicators published by UK Health & Safety Eexecutive, CCPS, and the OECD. This third edition of IOGP Report 456 incorporates changes resulting from the latest edition of API RP 754 and maintains alignment with it.
